I will try my best to understand some of this studies as trying to learn how the C&T system works sometimes makes my head spin.
According to consulting firm Point Carbon, the numbers crunched by White House's Office of Management and Budget for a carbon cap program is unrealistic and its estimated price for carbon allowances not reflecting the market's real price.
President Obama’s budget presumes a price for US carbon allowances at $13.70 in 2012. Presently, European Union Allowances (EUAs) are priced at €10.50 (US $13.35), according to Point Carbon.
“A carbon price of $13 per ton would produce an increase in the cost of gasoline of $0.12 per gallon, a six percent increase over current retail gasoline prices," said Point Carbon. "This would also result in a 6.8% increase for average retail electricity rates although more coal heavy regions might see higher increases."